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HI SB1191

Bill

Status

Introduced

1/25/2017

Primary Sponsor

Michelle Kidani

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Extends the motion picture, digital media, and film production income tax credit sunset date from January 1, 2019 to January 1, 2029, providing a 10-year extension for economic incentive predictability in the film industry.

  • Modifies the credit requirements to mandate that qualified productions contribute financial or in-kind support specifically to the University of Hawaii's system-wide creative media programs and projects, rather than general workforce development partnerships.

  • Requires the University of Hawaii to submit annual reports to the legislature (20 days before each regular session) detailing: numbers of K-12 students in creative media programs, award-winning student projects, participating schools, graduates employed in film/media industries, and new jobs and project value created from the contributions.

  • Maintains existing credit qualifications including minimum $200,000 in qualified production costs, state screen credit requirements, and evidence of local talent hiring efforts.

  • Takes effect January 1, 2020.

Legislative Description

Relating To Film And Digital Media Industry Development.

Income Tax

Last Action

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

2/17/2017

Committee Referrals

Ways and Means2/17/2017
Economic Development, Tourism, and Technology1/27/2017

Full Bill Text

No bill text available